Shares of PACCAR Has Risen Above Previous 52-Week High
PACCAR (NASDAQ:PCAR) traded today at a new 52-week high of $51.29. Approximately 955,000 shares have changed hands today, as compared to an average 30-day volume of 2 million shares.
PACCAR (NASDAQ:PCAR) defies analysts with a current price ($51.26) 4.8% above its average consensus price target of $48.80. The stock should discover initial support at its 50-day moving average (MA) of $47.52 and subsequent support at its 200-day MA of $42.51.
In the past 52 weeks, shares of PACCAR have traded between a low of $35.21 and a high of $51.29 and are now at $51.26, which is 46% above that low price. The 200-day and 50-day moving averages have moved 0.57% higher and 1.01% higher over the past week, respectively.
PACCAR Inc designs, develops, manufactures, and distributes light-, medium-, and heavy-duty trucks, and related aftermarket distribution of parts. The Company also offers finance and leasing services to its customers and dealers.
SmarTrend recommended that subscribers consider buying shares of PACCAR on December 11th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $44.98. Since that recommendation, shares of PACCAR have risen 13.6%. We continue to monitor PCAR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows paccar